Online edition of India's National Newspaper
Friday, Sep 15, 2006
ePaper
Google



Andhra Pradesh

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs | Obituary |

Andhra Pradesh - Vijayawada Printer Friendly Page   Send this Article to a Friend

MFI loans: Government moves to solve issue

Staff Reporter

VIJAYAWADA: District Collector Navin Mittal on Thursday said that following reports of the Micro Finance Institutions (MFIs) charging high rates of interest, the Government reached an agreement with banks to `collect existing live loans and extend fresh loans with 15 per cent diminishing rate besides adjusting security deposit and savings from the outstanding principal amount.'

Mr. Mittal communicated to the public to repay outstanding amounts deducting security deposit and savings along with 15 per cent interest at diminishing rate, according to an official press release.

Printer friendly page  
Send this article to Friends by E-Mail



Andhra Pradesh

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |

Copyright 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu